In the Closing of the Accounts at the End of the Period

question 15

Multiple Choice

In the closing of the accounts at the end of the period, which of the following is closed directly into the Retained Earnings account?

• A) Depreciation Expense.
• B) Accumulated Depreciation.
• C) Revenue and liability accounts.
• D) The Income Summary account.

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Definitions:

Health Education

The provision of information and learning experiences to promote and enhance health and wellness.

Injury

Harm or damage that is done or sustained, often referring to physical harm caused by accidents, falls, hits, weapons, and other sources.

Illness

A state in which a person's health is impaired, often characterized by symptoms and signs, as a result of infection, genetic defect, or environmental stress.

Consumer Education

The process by which the average person learns to make informed decisions about goods and services, including healthcare.